The Consumer Price Index climbed 3.2% in the year through July, the first acceleration in 13 months. But that figure requires a closer examination. Inflation soared in June 2022 and was slightly slower the following month. When […]
Has the recent inflation data given the Federal Reserve a pathway for a 2024 pivot? The Fed has whispered about what can happen if the inflation growth rate falls more into 2024 and it’s a […]
TOKYO, Aug 10 (Reuters) – Japan’s wholesale inflation eased for a seventh month in July as pressure from high global commodity prices eased, a development economists say is likely to encourage the central bank to […]
Asia-Pacific markets were mixed as investors braced for July consumer price index data out from the U.S. on Thursday. Expectations from economists polled by Reuters are the inflation rate will come in at 3.3%, slightly […]
U.S. mortgage rates rose this week, after the Federal Reserve re-engaged in its war on inflation. The average rate on 30-year mortgages climbed to 7.09 percent this week, up from 6.98 percent last week, according to Bankrate’s weekly […]
WASHINGTON (AP) — Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two […]
Dollar gains after weak China trade data * Fed’s Bowman: more rate hikes may be needed * SPDR Gold ETF holdings down 0.3% on Monday Aug 8 (Reuters) – Gold eased on Tuesday as the […]
Mortgage rates surged close to 7% this week, breaking another record-high not seen in two decades as inflation pressures mount and home shoppers retreat even further from the housing market. The average 30-year, fixed-rate mortgage jumped to […]
(Reuters) – World shares dipped on Monday after a mixed U.S. jobs report triggered a rally in beaten-down bonds, but new hurdles lay ahead in the shape of U.S. and Chinese inflation figures due later […]
CARACAS (Reuters) – The Venezuelan bolivar weakened to 30 units per dollar, the central bank said on Thursday, marking the latest descent for the beleaguered local currency as the economy suffers one of the world’s […]
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